The wrong debate
By Scott Sumner
Back on April 14 I made this claim:
Another common mistake is to conflate “opposition to extreme social distancing” with “libertarianism”. If America today were a 100% free market economy with no regulation, we would still be in a deep depression due to people freely choosing to isolate themselves.
Now the Twittersphere is catching up to this reality:
I wouldn’t say “we” have wasted a lot of time; I’d say “you guys on twitter” have wasted a lot of time. Lockdowns are worth debating, but not under the assumption that the lockdowns are causing the depression.
HT: Sam Bowman